battery

Ford and VW’s Electric-Vehicle Race Gets Greenlit as Korean Battery Battle Ends

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Volkswagen’s ID.4 is set to begin production in the U.S. next year.


Ronny Hartmann / AFP via Getty Images


SK Innovation

and LG Energy, the energy arms of two of South Korea’s largest companies, have ended a dispute over battery technology.

The pair has reached a multibillion-dollar settlement that could have threatened a supply chain vital for

Ford

and

Volkswagen

to produce electric vehicles. The agreement also secures thousands of manufacturing jobs in Georgia and boosts domestic battery production, delivering political wins to President
Joe Biden.

Shares in

SK Innovation

climbed 12% in Monday trading while

LG Chem

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Lithium-Ion Battery Recycling and Manufacturing Startup Raises $20 Million In Financing

On April 12, Battery Resourcers announced completion of a $20 million Series B equity round with financing led by Orbia Ventures and participation from international investors including At One Ventures, TDK Ventures, TRUMPF Venture, Doral Energy-Tech Ventures and Jaguar Land Rover’s InMotion Ventures.

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The financing will support the development of a commercial-scale processing facility with the annual capacity to process 10,000 tons of batteries — or the batteries from approximately 20,000 electric vehicles (EVs) a year. 

Unlike other battery recycling companies, Battery Resourcers offers a fundamentally new approach to lithium-ion battery manufacturing, starting with a

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Porsche seeks tech edge though closer ties with battery specialists

Porsche is seeking to strengthen ties with battery specialists to expand on a technology edge that has helped turn the Taycan electric car into a sales success.

The company is in talks to set up more collaborations with battery developers, including Germany’s Custom Cells, Porsche said on Tuesday in a statement.

Porsche is spending 15 billion euros ($18 billion) over five years to boost its electric mobility and digital services.

Staying on top of the latest advances in battery technology will be key in shifting fans of Porsche’s cutting-edge combustion models to buying electric siblings such as the Taycan.

Porsche’s

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Porsche seeks closer ties with battery specialists for tech edge

Porsche is seeking to strengthen ties with battery specialists to expand on a technology edge that has helped turn the Taycan electric car into a sales success.

The company is in talks to set up more collaborations with battery developers, including Germany’s Custom Cells, Porsche said on Tuesday in a statement.

Porsche is spending 15 billion euros ($18 billion) over five years to boost its electric mobility and digital services.

Staying on top of the latest advances in battery technology will be key in shifting fans of Porsche’s cutting-edge combustion models to buying electric siblings such as the Taycan.

Porsche’s

Read More

The Next Electric-Car Battery Champion Could Be European

Photographer: Alex Kraus/Bloomberg

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With Europe expected to lead the world in electric-car sales for a second straight year, an epic rush to build a battery-supply chain from scratch is playing out across the continent.

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After years of ceding the EV battery business to foreign companies, Europe wants in. Prospective manufacturers are popping up in the Nordic region, Germany, France, the U.K. and Poland in a transcontinental competition to chip away at

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Mercedes to unveil flagship electric sedan with Tesla-beating battery

Volkswagen Group last week announced plans to become the new global sales leader no later than 2025, while BMW  forecast battery-car sales will account for roughly half of deliveries by the end of the decade.

Mercedes is in the midst of a fundamental overhaul that will include a painful restructuring of combustion-engine sites that the manufacturer depended on for a century. The revamp has culminated in parent Daimler AG’s plan to spin off its truck operation this year, the most significant strategic move since the company sold off Chrysler.

“The pace of the industry’s transformation is keeping us busy of

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